consumer price index (cpi), inflation rate and wage rate...

Bangladesh Bureau of Statistics (BBS), visit www.bbs.gov.bd

Month: September 2020

Consumer Price Index (CPI), Inflation Rate and Wage Rate Index (WRI) in Bangladesh

Published by: Bangladesh Bureau of Statistics (BBS) Please visit www.bbs.gov.bd ISBN: Printed by: RDP Section, FA & MIS Wing, Bangladesh Bureau of Statistics (BBS)

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Bangladesh Bureau of Statistics (BBS), visit www.bbs.gov.bd of 41



Preface

Bangladesh Bureau of Statistics (BBS) as the National Statistical Organization (NSO) has been engaged in collecting, collating and disseminating statistics on a wide range of economic, social, demographic and environmental variables. Monthly Release on Consumer Price Index (CPI), Inflation Rate and Wage Rate Index (WRI) is a regular publication along with the average prices of some selected commodities in Dhaka city. The present report is the 309th series of this publication.

Two independent sets of commodities (goods & services) are used to compute CPIs for rural and urban areas. The rural basket covers 318 items while the urban basket consists of 422 commodities. The national CPI is calculated by combining the urban and rural indices using weight factors. According to the ILO grouping the CPI items for the national and sub-national indices have been classified into 8 major categories such as (i) food, beverage and tobacco (ii) clothing and footwear (iii) gross rent, fuel and lighting (iv) furniture, furnishing, household equipment and operation (v) medical care and health expenses (vi) transport and communications (vii) recreation, entertainment, education and cultural services and (viii) miscellaneous goods and services.

WRI is intended to measure the movement of nominal wages of low paid skilled and unskilled labour over time in different sectors of the economy. Already BBS has revised and rebased the WRI with 2010-11 as base year. Monthly wages for specific 44 occupations (11 from the agriculture, 22 from the industry and the rest 11 from service sector) are considered for calculation of WRI.

I firmly believe that the Monthly Release would be a useful document for planners,

policy makers, researchers, development partners/agencies, academicians and other stakeholders.

My great appreciation is due to officials of BBS at the Head Office and also to the

Divisional/District/Upazila Statistical Offices for their relentless efforts to make the work a success.

Any comment/suggestion will be highly appreciated.

Mohammad Tajul Islam

Director General Bangladesh Bureau of Statistics (BBS)

Statistics and Informatics Division (SID) Ministry of Planning



Contents

Chapter Particulars Page No.

01: Consumer Price Index (CPI), Inflation Rate and Average Retail Prices of Selected Commodities in Dhaka City

9-22

Introduction

Consumer Price Index (CPI) Classification Aggregation Index Basket and Weights Price Collection Procedure Average Retail Prices of Selected Commodities in Dhaka City Consumer Price Index (CPI) and Inflation Rate (Point to Point) 12 Months moving average Consumer Price Index (CPI): National (Over Previous Year/Month) Consumer Price Index (CPI): Rural (Over Previous Year/Month) Consumer Price Index (CPI): Urban (Over Previous Year/Month) Average Retail Prices (Open Market) Of Selected Commodities in Dhaka City Historical Data (Time Series) of CPI National (Base: 1973-74 to 2005-06=100)

02: Wage Rate Index (WRI) and Growth Rate of Bangladesh 23-36

Background of Wage Rate Index

Definition of Wage Base year change Computation of Wage Rate Index (WRI) Derivation of weight Coverage and sources of data Wage Rate Index By Sectors: Bangladesh Wage Rate Index By Sectors: Dhaka Division Wage Rate Index By Sectors: Chittagong Division Wage Rate Index By Sectors: Rajshahi Division Wage Rate Index By Sectors: Rangpur Division Wage Rate Index By Sectors: Khulna Division Wage Rate Index By Sectors: Barisal Division Wage Rate Index By Sectors: Sylhet Division Historical Data (Time Series) of WRI Bangladesh

03: Annexure 37-42

Team of Price and Wage Statistics

Personnel Engaged in this Publication

References



Acronyms

BBS Bangladesh Bureau of Statistics

BMPI Building Materials Price Index

BSCO Bangladesh Standard Classification of Occupation

BSIC Bangladesh Standard Industrial Classification

CPI Consumer Price Index

GDP Gross Domestic Product

GNP Gross National Product

GNI Gross National Income

HRI House Rent Index

ISCO International Standard Classification of Occupation

LFS Labour Force Survey

NSO National Statistical Organization

SID Statistics and Informatics Division

WPI Wholesale Price Index

WRI Wage Rate Index



Chapter 1

Consumer Price Index (CPI), Inflation Rate and Average

Retail Prices of Selected Commodities in Dhaka City



Table 1.5 Introduction:

The Bangladesh Bureau of Statistics (BBS) as the national statistical organization (NSO) has been engaged in collecting, collating and disseminating statistics on a wide range of economic, social, demographic and environmental variables. It brings out various regular and adhoc publications and reports for dissemination of generated data. There has been persistent attempt to satisfy the data needs of the country by undertaking initiatives to generate timely, relevant and quality statistics. This Monthly Advance Release is an addition to its on-going efforts to satisfy the needs for relevant data by the Government and other stakeholders. The Release is designed to provide a regular update on monthly price and wage situation in the country. It focuses on (i) consumer price index, (ii) inflation and (iii) average retail prices of selected commodities in Dhaka City. 1.1 Consumer Price Index (CPI):

The consumer price index (CPI) reflects the average change over time in the prices of a specified set of final commodities and services representing the market basket of a given group of consumers. Table 1.5 Classification:

The Release includes CPI for three groups of population: (1) national, (2) urban and (3) rural. National, urban and rural CPIs have been constructed with 2005-06 as the base year. The base year weights have been derived from the Household Income and Expenditure Survey (HIES), 2005-06. Table 1.5 Aggregation:

The indices are shown by general aggregation and separately by food and non-food groups. Non-food CPIs for national, urban and rural groups are further disaggregated by (i) clothing and footwear (ii) gross rent, fuel and lighting, (iii) furniture, furnishing, household equipment and operation, (iv) medical care and health expenses (v) transport and communications, (vi) recreation, entertainment, education and cultural services and (vii) miscellaneous goods and services. 1.4 Index Basket and Weights:

For computation of CPIs, two consumer baskets are used: (i) urban basket and (ii) rural basket. These baskets items (goods and services) were determined based on HIES, 2005-06 for private consumption of population. In urban consumer basket a total of 422 commodities are included while the rural basket consists of 318 food and non-food items. The items weights in the base year were derived on the basis of the average expenditure incurred by a household on the item expressed in terms of its percentage share in the total expenditure on all items. The index basket is divided into eight major groups of items.



Laspeyer’s formula is used for computation of CPI in the following way: For weighted index:

I=-----------------------------------x100 ∑Wi Where, I = Consumer Price Index (CPI)

Pn = Price in the current year/month

Po = Price in the base year/month

Wi = Weight at the ith item

∑Wi = Weight of the group

1.5 Price Collection Procedure:

BBS collects price data from 140 (64 from urban, 64 from rural and 12 from Dhaka City Corporation) main markets across the country. Three price quotes per item are collected from each of the market. Prices of 151 food items as well as 271 non-food items in urban areas, 133 food items as well as 185 non-food items in rural areas (2005-06) are collected. In collecting prices, four schedules (darchak) are used: (i) monthly rural retail (ii) monthly urban retail (iii) monthly urban wholesale and (iv) quarterly house rent. Data are usually collected from selected shops in each market or selected units or service providers in case of services. In constructing price indices, the average price for each item is considered. 1.6 Average Retail Prices of Selected Commodities in Dhaka City:

The Release presents trend in seasonally unadjusted nominal prices of 47 commodities in 12 groups in Dhaka city. The prices represent effects of both underlying trend and seasonal factors originating from changing climatic conditions, production cycles and festivals.



Table: 1.1 Consumer Price Index (CPI) and Inflation Rate (Point to Point) (2005-06=100)

CPI Classification 2017-18 2018-19 2019-20 2019-20 2020-21

Jnly'19 Aug'19 Sept'19 July'20 Aug'20 Sept'20 1 2 3 4 5 6 7 8 9 10

NATIONAL General index 245.22 258.65 273.26 263.69 266.96 271.90 278.27 282.11 288.12

Inflation 5.78 5.48 5.65 5.62 5.49 5.54 5.53 5.68 5.97 Food index 266.64 281.33 296.96 284.54 289.60 296.81 300.75 307.20 316.11

Inflation 7.13 5.51 5.56 5.42 5.27 5.30 5.70 6.08 6.50 Non-food index 217.76 229.58 243.00 236.95 237.93 239.96 249.46 249.95 252.24

Inflation 3.73 5.43 5.85 5.94 5.82 5.92 5.28 5.05 5.12 RURAL

General index 244.17 256.74 271.20 260.97 264.44 269.69 275.13 279.26 285.77


Inflation 6.90 5.27 5.68 5.60 5.38 5.40 5.67 6.09 6.61 Non-food index 219.21 230.01 242.74 236.71 237.67 239.91 248.49 248.84 251.22

Inflation 3.48 4.93 5.53 5.27 5.25 5.42 4.98 4.70 4.71 URBAN

General index 247.17 262.17 277.06 268.72 271.61 275.98 284.09 287.38 292.47


Inflation 7.63 6.04 5.17 5.03 5.02 5.10 5.76 6.06 6.26

Non-food index 215.83 229.00 243.34 237.28 238.28 240.03 250.75 251.42 253.60 Inflation 4.08 6.10 6.26 6.84 6.60 6.61 5.68 5.51 5.65

(C)=Correct

Figure: 1.1 Figure: 1.2



Table: 1.2 Monthly and average inflation rate of CPI from Oct’ 19 to Sept’20

(12 Months moving average) (2005-06=100)

12 Months Average 12 Months Average Inflation

Period Average Period Average

1 2 3 4 5

Oct'18-Sept'19 262.17 Oct'17-Sept'18 248.51 5.50

Nov'18-Oct'19 263.35 Nov'17-Oct'18 249.62 5.50

Dec'18-Nov'19 264.65 Dec'17-Nov'18 250.72 5.56

Jan'19-Dec'19 265.88 Jan'18-Dec'18 251.81 5.59

Feb'19-Jan 2020 267.10 Feb'18-Jan'19 252.93 5.60

Mar'19-Feb'2020 268.29 Mar'18-Feb'19 254.06 5.60

Apr'19-Mar'2020 269.49 Apr'18-Mar'19 255.21 5.60

May'19-Apr'2020 270.79 May'18-Apr'19 256.36 5.63

June'19-May'2020 271.95 June'18-May'19 257.52 5.61

July'19-June'2020 273.26 July'18-June'19 258.65 5.65

Aug'19-July'2020 274.47 Aug'18-July'19 259.82 5.64

Sept'19-Aug'20 275.73 Sept'18-Aug'19 260.98 5.65

Oct'19-Sept'20 277.09 Oct'18-Sept'19 262.17 5.69 Figure: 1.3



Table 1.3 Consumer Price Index (CPI): National (Over Previous Year/Month) CPI Classification 2017-18 2018-19 2019-20

2019-20 2020-21 Jnly'19 Aug'19 Sept'19 July'20 Aug'20 Sept'20

1 2 3 4 5 6 7 8 5 6 General 245.22 258.65 273.26 263.69 266.96 271.90 278.27 282.11 288.12

Inflation 5.78 5.48 5.65 1.25 1.24 1.85 0.78 1.38 2.13 1. Food, beverage & tobacco 266.64 281.33 296.86 284.54 289.60 296.81 300.75 307.20 316.11

Inflation 7.13 5.51 5.52 1.75 1.78 2.49 0.94 2.14 2.90 2. Non-food 217.76 229.58 243.00 236.95 237.93 239.96 249.46 249.95 252.24

Inflation 3.73 5.43 5.85 0.48 0.41 0.85 0.54 0.20 0.92 I. Clothing & footwear 255.24 277.64 290.00 287.36 287.98 288.80 292.20 292.29 292.42

Inflation 4.80 8.78 4.45 0.12 0.22 0.28 0.08 0.03 0.04 II. Gross rent, fuel & lighting 200.25 206.98 220.70 214.54 214.85 215.08 227.57 227.60 227.99

Inflation 3.22 3.36 6.63 1.30 0.14 0.11 0.22 0.01 0.17 III. Furniture, furnishing, household equipment’s & operation

249.68 265.25 282.67 275.53 276.33 280.53 288.73 291.54 293.11

Inflation 5.86 6.24 6.57 0.14 0.29 1.52 0.68 0.97 0.54 IV. Medical care & health expenses 209.28 215.31 230.07 218.09 222.04 226.80 240.64 240.81 246.45

Inflation 1.25 2.88 6.86 0.04 1.81 2.14 0.20 0.07 2.34 V. Transport & communication 218.80 235.23 248.48 243.26 244.13 247.26 257.25 257.59 263.02

Inflation 3.80 7.51 5.63 0.21 0.36 1.28 1.54 0.13 2.11 VI. Recreation, entertainment, education & cultural services

183.65 186.72 190.13 188.78 188.97 189.24 190.98 191.01 191.79

Inflation 3.43 1.67 1.83 0.04 0.10 0.14 0.01 0.02 0.41 VII. Misc. goods & services 223.81 239.87 259.27 247.86 250.59 256.99 271.37 272.54 280.87

Inflation 2.90 7.18 8.09 0.13 1.10 2.55 1.56 0.43 3.06 Note : Figures in italics indicate inflation over previous year/month




Table 1.4 Consumer Price Index (CPI): Rural (Over Previous Year/Month) CPI Classification 2017-18 2018-19 2019-20

2019-20 2020-21 Jnly'19 Aug'19 Sept'19 July'20 Aug'20 Sept'20

1 2 3 4 5 6 7 8 9 10 General 244.17 256.74 271.20 260.97 264.44 269.69 275.13 279.26 285.77

Inflation 5.69 5.15 5.63 1.34 1.33 1.99 0.78 1.50 2.33 1. Food, beverage & tobacco 259.86 273.55 289.08 276.21 281.26 288.41 291.87 298.38 307.48



Inflation 4.12 7.12 3.34 0.12 0.11 0.09 0.01 0.03 0.05 II. Gross rent, fuel &

lighting 192.89 198.99 212.44 206.35 206.78 207.01 219.94 219.95 220.65

Inflation 2.90 3.16 6.76 1.80 0.21 0.11 0.42 0.00 0.32 III. Furniture, furnishing,

household equipment’s & operation

246.23 261.30 277.56 272.29 273.02 277.40 279.53 281.05 282.13

Inflation 7.26 6.12 6.22 0.15 0.27 1.60 0.14 0.54 0.38 IV. Medical care & health

expenses 221.15 225.86 242.40 226.72 231.51 238.15 255.57 255.76 263.51

Inflation 0.82 2.13 7.32 0.00 2.11 2.87 0.13 0.07 3.03 V. Transport &

communication education & cultural services

197.24 207.51 217.05 213.10 213.74 216.37 221.62 221.84 226.89

Inflation 1.82 5.21 4.60 0.13 0.30 1.23 1.03 0.10 2.28 VI. Recreation,

entertainment 201.31 205.05 208.93 207.60 207.71 207.97 210.08 210.11 211.33

Inflation 3.34 1.86 1.89 0.06 0.05 0.13 0.00 0.01 0.58 VII. Misc. goods &

services 233.72 253.71 275.65 261.89 263.88 271.89 287.79 288.95 296.06





Table 1.5 Consumer Price Index (CPI): Urban (Over Previous Year/Month).

CPI Classification 2017-18 2018-19 2019-20 2019-20 2020-21

Jnly'19 Aug'19 Sept'19 July'20 Aug'20 Sept'20 1 2 3 4 5 6 7 8 9 10

General 247.17 262.17 277.06 268.72 271.61 275.98 284.09 287.38 292.47 Inflation 5.95 6.07 5.68 1.08 1.08 1.61 0.79 1.16 1.77

1. Food, beverage & tobacco 283.19 300.30 315.83 304.86 309.93 317.31 322.42 328.71 337.17



Inflation 6.24 12.26 6.68 0.11 0.42 0.67 0.20 0.03 0.03 II. Gross rent, fuel &

lighting 208.77 216.22 230.27 224.02 224.21 224.42 236.42 236.46 236.49

Inflation 3.56 3.57 6.50 0.78 0.08 0.09 0.00 0.02 0.01 III. Furniture, furnishing,

household equipment’s & operation

255.74 272.20 291.66 281.34 282.14 286.05 304.91 309.98 312.42

Inflation 3.59 6.44 7.15 0.16 0.28 1.39 1.56 1.66 0.79 IV. Medical care &

health expenses 188.96 197.25 208.97 203.32 205.85 207.38 215.08 215.22 217.24

Inflation 2.11 4.39 5.94 0.09 1.24 0.74 0.35 0.07 0.94 V. Transport &

communication 242.55 265.77 283.12 276.5 277.62 281.3 296.51 296.98 302.84

Inflation 5.64 9.57 6.53 0.27 0.41 1.33 1.96 0.16 1.97 VI. Recreation,

entertainment, education & cultural services

164.59 166.95 169.81 168.47 168.74 169.03 170.37 170.39 170.70

Inflation 3.56 1.43 1.71 0.02 0.16 0.17 0.02 0.01 0.18 VII. Misc. goods &

services 211.57 222.78 239.06 230.53 234.19 238.59 251.09 252.27 262.11





Table: 1.6 Average Retail Prices (Open Market) Of Selected Commodities in Dhaka City during the Month of Sept’2020

SL. No. Item with specification Unit 2019-20 July’20 Aug’20 Sept’20

1 2 3 4 5 6 I. Cereals :

1. Rice : Najershail/Minikat Kg. 62.43 65.45 68.00 68.00

2. Rice : Pajam/Equiv. Kg. 59.16 63.03 64.65 65.70

3. Rice : Irri/Boro Kg. 45.51 48.25 49.80 52.25

4. Wheat (atta), white,Pkt. Kg. 40.00 40.00 40.00 40.00

II. Pulses :

5. Moongdal (husked) Kg. 130.54 125.00 122.58 120.66

6. Lentil (husked) Kg. 111.61 115.02 114.30 114.10

III. Sugar & Molasses :

7. Sugar (white) Kg. 62.20 60.00 62.00 65.54

8. Molasses (sugarcane) Kg. 104.53 115.00 115.00 115.00

IV. Protein Items :

9. Fish-Rohu-cut piece Kg. 430.56 430.60 430.00 430.65

10. Fish-Hilsa, medium size Kg. 1388.75 1275.21 1235.12 1250.00

11. Prawn/Shrimp, about 3" long Kg. 754.80 756.20 756.02 756.35

12. Barbel (Shing), about 50 gram weight each Kg. 777.15 775.30 775.15 775.21

13. Beef, best quality Kg. 524.34 522.38 520.18 521.00

14. Mutton, best quality Kg. 743.54 740.80 735.35 735.40

15. Fowl, alive Kg. 422.98 435.20 430.75 430.70

16. Egg (Hen), Farm 4 pcs 35.27 34.00 35.12 38.00

17. Egg (Duck) 4 pcs 60.00 60.00 60.00 60.00

V. Edible oil :

18. Mustard oil, best quality Litre 195.74 200.00 200.00 200.00

19. Soyabean oil, best quality Litre 100.94 105.23 105.11 105.19

VI. Spices :

20. Chilli (dry), best quality Kg. 235.39 375.80 375.80 370.20

21. Onion (local) Kg. 95.58 50.28 50.65 92.65

22. Garlic (Local) Kg. 169.34 120.08 120.00 120.00

23. Turmeric (Local) Kg. 158.18 160.15 160.45 160.00

24. Ginger (Local) Kg. 171.01 150.65 165.25 220.21



SL. No. Item with specification Unit 2019-20 July’20 Aug’20 Sept’20

1 2 3 4 5 6 25. Salt (fine) Kg. 37.24 35.00 35.00 35.00

VII. Vegetable :

26. Potato, best quality Kg. 25.93 32.00 35.00 40.00

27. Brinjal, best quality Kg. 60.09 62.00 68.58 80.00

28. Lady's finger, best quality Kg. 54.96 50.68 60.10 68.25 29. Papaya (green) Kg. 28.80 30.00 30.00 30.00

VIII. Milk :

30. Milk (Milk vita packet) Litre 80.15 80.62 80.65 80.70

31. Lactozen (full cream)(400gm) Each 599.40 600.00 600.00 600.00

IX. Fuel & lighting :

32. Firewood (gazari) Quintal 527.04 480.56 482.02 488.15

33. Kerosene Litre 82.63 91.52 91.55 91.60

34. Matches (40 sticks) Box 2.00 2.00 2.00 2.00

X. Clothing :

35. Long cloth (fine) Metre 80.24 80.30 80.30 80.30

36. Long cloth (medium) Metre 76.35 76.42 76.43 76.44

37. Saree (medium), white Tangail handloom: A451 80x80 count 5.5 yds.

Each 725.43 725.60 725.65 725.76

38. Lungi (medium.) 48" handloom 60X60 Each 798.40 798.65 798.69 798.75

39. Undershirt (genjee 100 c.m sleeveless) Each 100.00 100.00 100.00 100.00

XI. Housing & Household Requisites :

40. Cement (local) Bag of 50 Kg.

458.75 450.00 450.00 450.00

41. Aluminium (Degchi) Gram 0.42 0.42 0.42 0.42

42. Bamboo (muli) about 30 feet long Each 175.61 189.63 189.65 189.68

43. Enamel plate Each 70.00 70.00 70.00 70.00

XII. Miscellaneous :

44. Coconut oil (unscented, imported) Kg. 279.86 281.35 281.40 281.40

45. Cigarettes (Star) 10 Sticks

70.83 80.00 80.00 80.00

46. White paper Quire 27.98 27.00 27.00 27.00

47. Blade-Sword (stainless steel) Each 3.00 3.00 3.00 3.00

©=C



Table: 1.7 Historical Data (Time Series) of CPI National (Base: 1973-74 to 2005-06=100).

Year Index Inflation General Food Non-food General Food Non-food

1 2 3 4 5 6 7 Base: 1973-74=100

1973-74 100.00 100.00 100.00

1974-75 167.17 176.89 150.79 67.17 76.89 50.79

1975-76 153.19 148.60 160.90 -8.36 -15.99 6.70

1976-77 156.89 150.16 167.97 2.42 1.05 4.39

1977-78 176.69 173.65 181.13 12.62 15.64 7.84

1978-79 191.24 185.45 200.97 8.23 6.80 10.95

1979-80 226.55 225.16 230.31 18.46 21.41 14.60

1980-81 254.97 244.69 272.47 12.54 8.67 18.31

1981-82 296.50 288.15 310.56 16.29 17.76 13.98

1982-83 325.94 312.77 348.11 9.93 8.54 12.09

1983-84 357.47 350.47 369.27 9.67 12.05 6.08

1984-85 396.58 387.89 411.21 10.94 10.68 11.36

1985-86 436.03 429.46 447.11 9.95 10.72 8.73

1986-87 481.18 483.42 477.41 10.35 12.56 6.78

Base: 1985-86=100

1985-86 100.00 100.00 100.00

1986-87 113.87 115.44 111.03 13.87 15.44 11.03

1987-88 121.12 123.38 117.03 6.37 6.88 5.40

1988-89 131.30 133.66 127.02 8.40 8.33 8.54

1989-90 136.37 137.04 135.15 3.86 2.53 6.40

1990-91 147.70 148.11 146.95 8.31 8.08 8.73

1991-92 154.44 154.30 154.69 4.56 4.18 5.27

1992-93 158.67 157.17 161.38 2.74 1.86 4.32

1993-94 163.87 161.80 167.69 3.28 2.95 3.91

1994-95 178.40 176.77 181.38 8.87 9.25 8.16

1995-96 190.27 189.13 191.86 6.65 6.99 5.78

1996-97 195.07 191.85 200.99 2.52 1.44 4.76

Base: 1995-96=100

1995-96 100.00 100.00 100.00

1996-97 103.96 103.67 104.47 3.96 3.67 4.47

1997-98 112.96 114.51 110.73 8.66 10.46 5.99

1998-99 120.94 125.16 115.10 7.06 9.30 3.95

1999-00 124.31 128.52 118.64 2.79 2.68 3.08



Year Index Inflation General Food Non-food General Food Non-food

1 2 3 4 5 6 7 2000-01 126.72 130.30 122.25 1.94 1.38 3.04

2001-02 130.26 132.43 127.89 2.79 1.63 4.61

2002-03 135.97 137.01 135.13 4.38 3.46 5.66

2003-04 143.90 146.50 141.03 5.83 6.93 4.37

2004-05 153.23 158.08 147.14 6.48 7.90 4.33

2005-06 164.21 170.34 156.56 7.17 7.76 6.40

2006-07 176.06 184.18 165.79 7.22 8.12 5.90

2007-08 193.54 206.79 176.26 9.93 12.28 6.32

2008-09 206.43 221.64 186.67 6.66 7.18 5.91

2009-10 221.53 240.55 196.84 7.31 8.53 5.45

2010-11 241.02 267.83 205.01 8.80 11.34 4.15

2011-12 266.61 295.86 227.87 10.62 10.47 11.15

2012-13 287.14 317.62 247.07 7.70 7.35 8.43

Base:2005-06=100

2005-06 100 100 100

2006-07 109.39 111.63 106.51 9.39 11.63 6.51

2007-08 122.84 130.30 113.27 12.30 16.72 6.35

2008-09 132.17 140.61 121.36 7.60 7.91 7.14

2009-10 141.18 149.40 130.66 6.82 6.25 7.66

2010-11 156.59 170.48 138.77 10.92 14.11 6.21

2011-12 170.19 183.65 152.94 8.69 7.73 10.21

2012-13 181.73 193.24 166.97 6.78 5.22 9.17

2013-14 195.08 209.79 176.23 7.35 8.56 5.55

2014-15 207.58 223.80 186.79 6.41 6.68 5.99

2015-16 219.86 234.77 200.66 5.92 4.90 7.43

2016-17 231.82 248.90 209.92 5.44 6.01 4.61

2017-18 245.22 266.64 217.76 5.78 7.13 3.73

2018-19 258.65 281.33 229.58 5.48 5.51 5.43

2019-20 273.26 296.96 243.00 5.65 5.56 5.85



Chapter 2

Wage Rate Index (WRI) and Growth Rate of Bangladesh



2.1 Background of Wage Rate Index (WRI): Wage Rate Index (WRI) is an important indicator for measuring the trend and changes

in the aggregate wages of the wage earners of a country. The wage rate index is intended to measure the movement of nominal wages of low paid skilled and unskilled labour over time in different sectors of the economy. It is also used to measure changes in real wages. Bangladesh Bureau of Statistics (BBS) has been producing and publishing Wage Rate Index (WRI) since 1974 on regular basis with 1969-70 as base year. Already BBS has revised and rebased the Wage Rate Index (WRI) with 2010-11 as current base year.

Rebasing of Wage Rate Index from 1969-70=100 to 2010-11=100 comprises three broad economic sectors like Agriculture, Industry and Service. This rebasing of wage rate data on monthly wages for specific 44 occupations in the agriculture, industry and service sectors are considered. Average monthly wage rate of low paid skilled and un-skilled labourers are estimated by 44 occupations such as 11 occupations from agriculture sector, 22 occupations from industry sector and 11 occupations from service sector. 2.2 Definition of Wage:

Amount of money received either in cash or in kind in a day for standard daily working hours or earnings of low paid labor who works on hourly basis have been included here as wage earners. Salary paid and high contract based earnings have been excluded from compilation of WRI. 2.3 Base year change:

BBS compiles and releases WRI according to base year 1969-70=100 in every month. This base year is very old and by this time many new occupations emerged and many occupations become obsolete. So it has become necessary to change the base year of WRI. So that, the present base year 1969-70=100 has been rebased to 2010-11=100. However, considering the necessity BBS has already made a WRI of new base year (2010-11=100). It has been prepared with the help of Labor Force Survey-2010. 2.4 Computation of Wage Rate Index:

The wage rate index is intended to measure the movement of wages of low paid skilled and unskilled labour over time in main sectors of the economy such as agriculture, industry and service.

Wage Rate Index-WRI has been rebased from 1969-70=100 to 2010-11=100 under main three sectors of the economy such as agriculture, industry and services in respect of 44 occupations comprising 11 occupations from agriculture sector, 22 occupations from industry sector and 11 occupations from service sector are calculated.

Each occupation has been calculated by divisional different weight. WRI weight has

been considered as a number of employees of seven division basis. New WRI (National) has been calculated from weighted average on the basis divisional weight.



Selected 44 occupational wage data is being collected from 64 district statistical offices according to male and female (with food and without food). Based on occupation of male and female wage data has been measured as simple wage average.

Wage Rate Index of Bangladesh is officially measured of wage which is compiled by simple weighted average of seven divisional wage rate indices. The average monthly wage rate of male and female in particular 44 occupations are nothing but the amount of total daily wages.

Laspeyer’s formula is used for computation of wage rate index in the following way:

For weighted index:

I=-----------------------------------x100

∑Wi Where, I = Wage Rate Index (WRI) Pn = Wage rate in the current year/month Po = wage rate in the base year/month Wi = Weight at the ith item ∑Wi = Weight of the group

2.5 Derivation of weight:

The basic information for deriving weight of WRI is obtained from the Labour Force Survey (LFS) 2010. Weights have been considered as a number of employees of seven administrative divisions and 44 occupations. In order to confine within informal sector labour paid on daily, weekly or peace rate basis are consider for this purpose. It could be noted that LFS provide number of employees for different occupation groups only.

To derive weight for occupation levels information is needed from Agriculture Input Cost Survey, Pilot Construction Study and also from Special Field Study. Also efforts have been made to derive individual weight for different administrative divisions. The administrative divisional weights are expected to enable the estimates for individual division indices and the national indices as a weighted average of administrative divisional indices. 2.6 Coverage and sources of data:

Monthly wage rate data are collected from 64 districts of the country on monthly basis. Wage rates of the day labourers in regards to (i) without food (ii) with food are collected by 64 district statistical offices, BBS.



Table: 2.1 Wage Rate Index By Sectors: Bangladesh (Base: 2010-11=100)

Sector 2017-18 2018-19 2019-20 July’20 Aug’20 Sept’20

1 2 3 4 5 6 7 General 150.59 160.23 170.39 174.78 175.28 176.70 percentage change (Point to Point) 6.46 6.40 6.35 5.82 5.91 5.95 percentage change(over previous month)

0.27 0.29 0.81

1. Agriculture 150.27 159.92 170.28 174.87 175.20 176.73 percentage change (Point to Point) 6.41 6.42 6.48 6.15 6.16 6.23 percentage change(over previous month)

0.27 0.19 0.87

I. Agriculture 150.23 159.91 170.32 174.92 175.25 176.76 percentage change (Point to Point) 6.40 6.44 6.51 6.17 6.19 6.24 percentage change(over previous month)

0.27 0.19 0.86

II. Fish 152.63 160.59 168.58 172.44 172.80 175.21 percentage change (Point to Point) 6.61 5.22 4.97 4.87 4.78 5.73 percentage change(over previous month)

0.4 0.21 1.40

2. Industry 149.45 158.74 168.24 172.14 172.83 173.95 percentage change (Point to Point) 6.55 6.22 5.99 5.18 5.25 5.26 percentage change(over previous month)

0.27 0.40 0.65

I. Construction 145.32 152.86 160.17 163.18 163.67 164.79 percentage change (Point to Point) 5.75 5.19 4.77 4.12 4.15 4.37 percentage change(over previous month)

0.15 0.30 0.69

II. Production 157.81 170.66 184.65 190.31 191.42 192.52 percentage change (Point to Point) 8.08 8.14 8.21 7.09 7.20 6.84 percentage change(over previous month)

0.47 0.59 0.57

3. Service 154.44 164.78 175.33 179.72 180.70 182.17 percentage change (Point to Point) 6.51 6.69 6.41 5.52 6.02 6.04 percentage change(over previous month)

0.24 0.55 0.81

Note :( C) =Corrected and Revised.




Table: 2.2 Wage Rate Index By Sectors: Dhaka Division.


1 2 3 4 5 6 7 General 150.77 160.58 169.90 173.87 174.50 176.11 percentage change (Point to Point)

7.65 6.51 5.81 5.42 5.34 5.56

percentage change(over previous month)

0.44 0.23 0.36 0.92

1. Agriculture 150.21 160.90 170.57 174.59 175.15 177.08 percentage change (Point to Point)

8.44 7.20 6.01 5.65 5.44 5.78


0.46 0.23 0.32 1.10

I. Agriculture 150.06 160.88 170.56 174.58 175.14 177.05 percentage change (Point to Point)

8.37 7.21 6.02 5.66 5.44 5.78


0.46 0.23 0.32 1.09

II. Fish 155.28 163.27 171.45 175.69 176.35 180.29 percentage change (Point to Point)

7.40 5.15 5.00 5.41 5.33 6.95


0.44 0.42 0.37 2.24

2. Industry 148.73 157.01 165.60 169.27 169.87 170.98 percentage change (Point to Point)

6.79 5.57 5.47 5.02 4.88 4.99


0.42 0.18 0.35 0.66

I. Construction 145.55 153.16 160.30 163.41 163.81 165.04 percentage change (Point to Point)

6.27 5.23 4.67 4.23 4.14 4.42


0.35 0.15 0.25 0.75

II. Production 155.45 165.16 176.81 181.67 182.67 183.54 percentage change (Point to Point)

7.84 6.25 7.04 6.56 6.33 6.09


0.55 0.24 0.55 0.48

3. Service 158.98 168.39 178.06 182.59 183.66 185.12 percentage change (Point to Point)

6.88 5.92 5.75 5.42 6.02 5.99


0.30 0.58 0.80




Table: 2.3 Wage Rate Index By Sectors: Chittagong Division.


1 2 3 4 5 6 7 General 149.62 158.79 168.51 172.50 172.94 174.71

percentage change (Point to Point)

5.71 6.13 6.12 5.36 5.57 5.72

percentagechange(over previous month)

0.20 0.25 1.02

1. Agriculture 149.40 158.74 168.74 172.87 173.09 175.04 percentage change (Point to Point)

5.69 6.25 6.29 5.59 5.69 5.96

Percentage change (over previous month)

0.20 0.13 1.13

I. Agriculture 149.20 158.62 168.71 172.86 173.07 174.98

percentage change (Point to Point)

5.65 6.31 6.37 5.63 5.74 5.97

percentage change (over previous month)

0.54 0.19 0.13 1.10

II. Fish 154.73 162.12 169.38 173.16 173.38 176.44 percentage change (Point to Point)

6.55 4.76 4.48 4.52 4.35 5.71


0.45 0.13 1.77

2. Industry 149.31 157.67 166.23 169.90 170.44 171.80 percentage change (Point to Point)

5.65 5.60 5.43 4.76 4.92 4.98


0.23 0.32 0.80

I. Construction 149.00 156.85 164.82 168.28 168.82 170.19 percentage change (Point to Point)

5.52 5.27 5.09 4.45 4.57 4.75

percentage hange(over previous month)

0.15 0.32 0.81

II. Production 150.45 160.66 171.36 175.82 176.35 177.66 percentage change (Point to Point)

6.15 6.79 6.67 5.87 6.14 5.82

Percentage change (over previous month)

0.50 0.30 0.74

3. Service 151.09 161.00 171.78 175.83 176.97 178.72 percentage change (Point to Point)

5.88 6.58 6.68 5.57 6.24 6.09


0.13 0.65 0.99

C= Corrected




Table: 2.4 Wage Rate Index By Sectors: Rajshahi Division.


1 2 3 4 5 6 7 General 148.99 159.48 170.22 174.84 175.36 176.46 percentage change (Point to Point) 6.17 7.03 6.80 5.95 6.07 5.96 percentage change(over previous month)

0.26 0.29 0.63

1. Agriculture 149.08 159.59 170.43 175.24 175.68 176.86

percentage change (Point to Point) 6.13 7.05 6.79 6.18 6.31 6.23


0.27 0.25 0.67

I. Agriculture 149.08 159.59 170.41 175.24 175.68 176.85 percentage change (Point to Point) 6.13 7.05 6.79 6.19 6.32 6.23


0.27 0.25 0.66


0.39 0.31 1.38

2. Industry 148.00 157.67 168.07 171.71 172.28 172.94 percentage change (Point to Point) 5.95 6.53 6.59 5.19 5.19 4.90


0.23 0.33 0.38

I. Construction 143.17 151.10 158.17 160.43 161.01 161.77



0.10 0.36 0.47

II. Production 152.75 164.12 177.80 182.77 183.34 183.91 percentage change (Point to Point) 6.38 7.44 8.34 6.88 6.84 6.10


0.34 0.31 0.31

3. Service 151.29 164.14 176.45 180.89 181.93 183.82 percentage change (Point to Point) 7.32 8.51 7.51 5.87 6.28 6.48


0.19 0.58 1.04




Table: 2.5 Wage Rate Index By Sectors: Rangpur Division.


1 2 3 4 5 6 7 General 152.62 163.23 175.89 181.51 181.95 182.96

percentage change (Point to Point) 6.75 6.95 7.76 7.30 7.49 7.14 percentage change(over previous month)

0.44 0.25 0.55

1. Agriculture 152.06 161.79 174.04 179.63 179.69 180.80 percentage change (Point to Point) 6.41 6.39 7.57 7.43 7.44 7.13


0.41 0.04 0.61


0.41 0.04 0.61


0.67 0.19 0.42


0.61 0.95 0.39


0.14 0.36 0.36


1.01 1.25 0.61


0.44 0.91 0.18




Table: 2.6 Wage Rate Index By Sectors: Khulna Division.


1 2 3 4 5 6 7 General 150.71 159.99 170.03 174.58 175.03 176.11

percentage change (Point to Point) 6.29 6.15 6.28 5.87 6.02 6.00 percentage change(over previous month)

0.25 0.25 0.62


0.25 0.20 0.62


0.25 0.20 0.60


0.21 0.32 1.17


0.29 0.39 0.60


0.19 0.37 0.60


0.61 0.46 0.60


0.12 0.33 0.62




Table: 2.7 Wage Rate Index By Sectors: Barisal Division.

Sector 2017-18 2018-19 2019-20 July’20 Aug’20 Sept’20 1 2 3 4 5 6 7

General 151.35 160.48 170.64 175.14 175.44 177.42 percentage change (Point to Point) 5.93 6.03 6.34 5.93 6.03 6.45 percentage change(over previous month)

0.21 0.17 1.13


0.23 0.11 1.05


0.43 0.21 0.11 1.04


0.52 0.11 1.27


0.1 0.21 1.09

I. Construction 139.08 146.58 154.50 157.20 157.59 158.57 percentage change (Point to Point) 5.34 5.39 5.41 4.31 4.33 4.38


0.04 0.25 0.62

II. Production 162.43 174.31 186.47 190.36 190.41 196.21 percentage change (Point to Point) 6.64 7.3 7.00 5.02 4.81 7.28


0.32 0.03 3.05

3. Service 151.33 163.67 176.23 181.89 182.73 185.76



0.30 0.46 1.66




Table: 2.8 Wage Rate Index By Sectors: Sylhet Division.


1 2 3 4 5 6 7 General 151.60 159.88 169.87 174.40 174.62 176.18 percentage change (Point to Point) 4.61 5.46 6.25 5.91 5.92 5.95 percentage change (over previous month)

0.37 0.13 0.89

1. Agriculture 150.91 158.96 169.38 174.34 174.45 176.12 percentage change (Point to Point) 4.38 5.33 6.55 6.50 6.45 6.46 percentage change (over previous month)

0.44 0.06 0.95

I. Agriculture 150.82 158.87 169.33 174.32 174.42 176.10 percentage change (Point to Point) 4.37 5.33 6.59 6.53 6.48 6.50 percentage change (over previous month

0.44 0.06 0.96

II. Fish 156.66 164.62 172.45 176.17 176.17 176.76 percentage change (Point to Point) 5.42 5.09 4.76 4.56 4.31 4.15 percentage change (over previous month

0.56 0.00 0.34

2. Industry 152.76 160.80 168.67 171.50 172.03 173.38 percentage change (Point to Point) 5.00 5.26 4.90 3.84 4.00 4.13 percentage change (over previous month

0.19 0.31 0.78

I. Construction 152.20 159.56 166.70 169.28 169.83 171.25 percentage change (Point to Point) 4.78 4.83 4.45 3.56 3.77 3.93 percentage change (over previous month

0.13 0.33 0.83

II. Production 156.62 169.35 182.24 186.79 187.21 188.07 percentage change (Point to Point) 6.57 8.11 7.64 5.59 5.46 5.38 percentage change (over previous month)

0.57 0.22 0.46

3. Service 155.65 166.76 177.26 181.37 181.97 182.91 percentage change (Point to Point) 5.86 7.16 6.33 4.89 5.13 5.15 percentage change (over previous month)

0.14 0.33 0.51




Table: 2.9 Historical Data (Time Series) of WRI Bangladesh (Base: 1969-70=100 to 2010-11=100).

Year Index Growth Rate (Point to Point)

General Manufacturing Construction Agricultural Fishe ry General Manufacturing Construction Agricultural Fishery

1 2 3 4 5 6 7 8 9 10 11

Base: 1969-70=100

1974-75 221 192 264 261 197 1975-76 244 205 305 279 226 10.41 6.77 15.53 6.90 14.72

1976-77 252 222 311 268 237 3.28 8.29 1.97 -3.94 4.87

1977-78 280 251 334 312 251 11.11 13.06 7.40 16.42 5.91

1978-79 346 318 414 370 311 23.57 26.69 23.95 18.59 23.90

1979-80 433 389 492 443 451 25.14 22.33 18.84 19.73 45.02

1980-81 492 452 545 482 529 13.63 16.20 10.77 8.80 17.29

1981-82 566 515 616 567 617 15.04 13.94 13.03 17.63 16.64

1982-83 598 558 677 558 639 5.65 8.35 9.90 -1.59 3.57

1983-84 684 720 754 572 654 14.38 29.03 11.37 2.51 2.35

1984-85 734 776 775 642 702 7.31 7.78 2.79 12.24 7.34

1985-86 895 958 938 767 856 21.93 23.45 21.03 19.47 21.94

1986-87 1085 1154 1122 941 1054 21.23 20.46 19.62 22.69 23.13

1987-88 1201 1220 1326 1049 1189 10.69 5.72 18.18 11.48 12.81

1988-89 1288 1325 1452 1115 1225 7.24 8.61 9.50 6.29 3.03

1989-90 1426 1502 1475 1245 1403 10.71 13.36 1.58 11.66 14.53

1990-91 1482 1575 1487 1321 1452 3.93 4.86 0.81 6.10 3.49

1991-92 1553 1641 1512 1425 1547 4.79 4.19 1.68 7.87 6.54

1992-93 1638 1724 1579 1523 1641 5.47 5.06 4.43 6.88 6.08

1993-94 1709 1828 1598 1593 1699 4.33 6.03 1.20 4.60 3.53

1994-95 1786 1947 1613 1653 1770 4.51 6.51 0.94 3.77 4.18

1995-96 1900 2064 1754 1738 1882 6.38 6.01 8.74 5.14 6.33

1996-97 1989 2161 1848 1804 1974 4.68 4.70 5.36 3.80 4.89

1997-98 2141 2395 1990 1870 2053 7.64 10.83 7.68 3.66 4.00

1998-99 2259 2522 2163 1950 2138 5.51 5.30 8.69 4.28 4.14

1999-00 2390 2701 2286 2037 2220 5.80 7.10 5.69 4.46 3.84

2000-01 2489 2832 2356 2141 2292 4.14 4.85 3.06 5.11 3.24

2001-02 2637 3035 2444 2262 2411 5.95 7.17 3.74 5.65 5.19

2002-03 2926 3501 2624 2443 2563 10.96 15.35 7.36 8.00 6.30




General Manufacturing Construction Agricultural Fishe ry General Manufacturing Construction Agricultural Fishery

1 2 3 4 5 6 7 8 9 10 11

2003-04 3111 3765 2669 2582 2775 6.32 7.54 1.71 5.69 8.27

2004-05 3293 4015 2758 2719 2957 5.85 6.64 3.33 5.31 6.56

2005-06 3505 4293 2889 2925 3133 6.44 6.92 4.75 7.58 5.95

2006-07 3779 4636 3135 3156 3332 7.82 7.99 8.52 7.90 6.35

2007-08 4227 5144 3505 3488 3635 11.85 10.96 11.80 10.52 9.09

2008-09 5025 6128 4262 4275 4334 18.88 19.13 21.60 22.56 19.23

2009-10 5441 6520 4633 4804 4727 8.28 6.40 8.70 12.37 9.07

2010-11 5782 6778 4983 5325 5043 6.27 3.96 7.55 10.85 6.69

2011-12 6469 7221 6583 6134 5187 11.88 6.54 32.11 15.19 2.86

2012-13 7422 7978 7684 7448 6021 14.73 10.48 16.73 21.44 16.08

2013-14 8097 8700 8238 8283 6566 9.10 9.05 7.20 11.20 9.06

2014-15 8899 9553 9004 9254 7129 9.90 9.81 9.31 11.73 8.57


General Agricultural Industry Service General Agricultural Industry Service

1 2 3 4 5 6 7 8 9

Base: 2010-11=100

2010-11 100.00 100.00 100.00 100.00

2011-12 106.24 105.96 106.92 106.23 6.24 5.96 6.92 6.23

2012-13 112.62 112.08 113.43 113.63 6.01 5.78 6.08 6.96

2013-14 118.82 118.44 119.07 120.16 5.50 5.68 4.97 5.75

2014-15 124.69 124.51 124.38 126.15 4.94 5.12 4.47 4.98

2015-16 132.81 132.48 132.02 136.03 6.52 6.41 6.16 7.86

2016-17 141.46 141.22 140.27 145.01 6.50 6.59 6.24 6.60

2017-18 150.59 150.27 149.45 154.44 6.46 6.41 6.55 6.51

2018-19 160.23 159.92 158.74 164.78 6.40 6.42 6.22 6.69

2019-20 170.39 170.28 168.24 175.33 6.35 6.48 5.99 6.41



Chapter 3

Annex



A. Team of Price & Wage Statistics

SL No.

Name, designation and Contact Office/Organizations

1 2 3

01. Mohammad Tajul Islam Director General (Addtl. Secretary) +88-02-9112589

Bangladesh Bureau of Statistics (BBS) Statistics and Informatics Division Ministry of Planning

02. Mohammad Abdul Kadir Miah Director (Price & Wages) +88-02-55007048 (Office)

National Accounting (Price & Wages) Wing Bangladesh Bureau of Statistics (BBS)

03. Ms. Salma Hasnayen Joint Director (Price & Wages) +88-02-55007047 (Office)

National Accounting (Price & Wages) Wing Bangladesh Bureau of Statistics (BBS)

04. Price and Wage Statistics Section

Md. Nazmul Hoque Deputy Director +88-01917-316172

Price & Wages Statistics Section National Accounting Wing, BBS

05. Md. Habibur Rohman Statistical Officer +88-01716-277217


06. Shopon Kumer Statistical Officer +88-01712-638975


07. Md. Shahjahan Assistant Statistical Officer +88-01711-287199


08. Md. Nazrul Islam Assistant Statistical Officer +88-01716-114915


09. Md. Monjur Kadir Assistant Statistical Officer +88-01715-149659


10. Md. Abdur Rouf Statistical Investigator


11. Mahbobur Rahman Statistical Investigator


12. Md. Azizul Hoque Office Assistant Cum-Computer Typist




B) Personnel engaged in preparation, compilation and editing of this publication:

01. Md. Nazmul Hoque Deputy Director

Price and Wage Statistics Section National Accounting Wing Bangladesh Bureau of Statistics (BBS)

02. Md. Nazrul Islam

Assistant Statistical Officer Price and Wage Statistics Section National Accounting Wing Bangladesh Bureau of Statistics (BBS)

03. Md. Abdur Rauf Statistical Investigator Price and Wage Statistics Section National Accounting Wing Bangladesh Bureau of Statistics (BBS)



C) References:

1. Monthly Release on Consumer Price Index (1974-2016), Published by Bangladesh Bureau of Statistics (BBS), Statistics and Informatics Division, Ministry of Planning.

2. National Accounts Statistics (Provisional Estimates of GDP, 2014-15 and Final Estimates of GDP, 2013-14, Published by Bangladesh Bureau of Statistics (BBS), Statistics and Informatics Division, Ministry of Planning.

3. Quarterly Wage Rate Survey (Wage Rate and Earnings of Non-Farm Workers): September 2008, Published by Bangladesh Bureau of Statistics (BBS), Ministry of Planning.

4. Sources and Methods of Indices (National Accounts Deflators): June 1997, Published by Bangladesh Bureau of Statistics (BBS), Ministry of Planning.

5. Twenty Years of National Accounting of Bangladesh (1972-92), July 1993, Published by Bangladesh Bureau of Statistics (BBS), Ministry of Planning.

End


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